Bloomberg TV Malaysia’s Cynthia Ng examines slowing growth in Iskandar’s real estate sector and the prospects for Johor Bahru.
The report states that 650,000 jobs have been added in Iskandar between 2006 and 2014. It also references a forecast for Iskandar to add 800,000 more new jobs by 2025.
The report pushes the notion that the housing market has been overdone and other areas (health care, tourism, education, banking…) should be targeted by investors. Manufacturing is a significant focus and has been doing fairly well (it is the only area with more investment than housing).
I raised the issues mentioned in the report (such as the over-reliance on luxury condo development) in my 2014 post Iskandar: Present and Future (and in other posts).
Related: Iskandar Housing Real Estate Investment Considerations (2011) – The Potential of Iskandar is Very High but Investing in Iskandar has Risks (2011) – The Precipitous Fall of the Ringgit Shows the Economic Risk in the Malaysian Economy – Iskandar Malaysia Economic Development Zone (2013) – The Singapore Market Impacts on the Johor Bahru Real Estate Market (2013)